The Bureau of Agricultural Economics has been calculating the official parity prices since the date of their official initiation. On the interest of presenting the necessary revisions in the level of parity prices as well as the methods of calculation occasioned by the Agricultural Act of 1948,...

The following article endeavors to develop a technical but nevertheless relatively simple explanation of the revised price indexes of the Bureau of Agricultural Economics. These ind xes are widely used not only for general purposes but also in the administrative calculation of parity prices...